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2021-03-31-accounts

Registered number: 06786448 Charity Number: 1128606

FAIRFIELD AND HOWLEY NEIGHBOURHOOD PROJECT DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Carty & Co Accountants Ltd

Fairfield and Howley Neighbourhood Project Directors' Report and Unaudited Financial Statements For The Year Ended 31 March 2021

Contents

Contents
Page
Company Information 2
Directors' Report 3
Accountants' Report 4
Income and Expenditure Account 5
Balance Sheet 6
Notes to the Financial Statements 7—8
The following pages do not form part of the statutory accounts:
Detailed Income and Expenditure Account 9

Page 1

Fairfield and Howley Neighbourhood Project Company Information For The Year Ended 31 March 2021

Directors Mr Roger Jeffery Mr Roger Coasby Mr Morris Riley Mr James Goodison Mrs Alison Cullen Mr Peter Speed Mr James Frangleton Company Number 06786448 Registered Office The Old School Fairfield Street Warrington Cheshire WA1 3AJ Accountants Carty & Co Accountants Ltd 234 Manchester Road WARRINGTON WA1 3BD

Page 2

Fairfield and Howley Neighbourhood Project Company No. 06786448

Directors' Report For The Year Ended 31 March 2021

The directors present their report and the financial statements for the year ended 31 March 2021 .

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Directors

The directors who held office during the year were as follows:

Mr Roger Jeffery Mr Roger Coasby Mr Morris Riley Mr James Goodison Mrs Alison Cullen Mr Peter Speed Mr James Frangleton

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. On behalf of the board

Mrs Alison Cullen Director 18/11/2021

Page 3

Fairfield and Howley Neighbourhood Project Accountants' Report For The Year Ended 31 March 2021

Report of the Accountant to the directors of Fairfield and Howley Neighbourhood Project

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2021.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.

18/11/2021 Carty & Co Accountants Ltd 234 Manchester Road WARRINGTON WA1 3BD

Page 4

Fairfield and Howley Neighbourhood Project Income and Expenditure Account For The Year Ended 31 March 2021

Notes
TURNOVER
Cost of sales
GROSS SURPLUS
Administrative expenses
OPERATING SURPLUS/(DEFICIT) AND SURPLUS/(DEFICIT)
FOR THE FINANCIAL YEAR
2021
£
117,271
-
117,271
(98,928 )
18,343
2020
£
77,493
(13 )
77,480
(78,834 )
(1,354 )

The notes on pages 7 to 8 form part of these financial statements.

Page 5

Fairfield and Howley Neighbourhood Project Balance Sheet As at 31 March 2021

2021 2020
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 11,859 23,693
11,859 23,693
CURRENT ASSETS
Debtors 4 170 562
Cash at bank and in hand 43,360 12,755
43,530 13,317
Creditors: Amounts Falling Due Within One Year 5 (3,770 ) (3,734 )
NET CURRENT ASSETS (LIABILITIES) 39,760 9,583
TOTAL ASSETS LESS CURRENT LIABILITIES 51,619 33,276
NET ASSETS 51,619 33,276
Income and Expenditure Account 51,619 33,276
MEMBERS' FUNDS 51,619 33,276

For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

On behalf of the board

Mrs Alison Cullen Director 18/11/2021

The notes on pages 7 to 8 form part of these financial statements.

Page 6

Fairfield and Howley Neighbourhood Project Notes to the Financial Statements For The Year Ended 31 March 2021

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

their expected useful lives on the following bases
Leasehold 100
Plant & Machinery 15
Fixtures & Fittings 15

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 2 (2020: 2)

3. Tangible Assets

Land & Property

Cost
As at 1 April 2020
Additions
As at 31 March 2021
Depreciation
As at 1 April 2020
Provided during the period
As at 31 March 2021
Net Book Value
As at 31 March 2021
As at 1 April 2020
Leasehold
£
50,711
-
Plant &
Machinery
£

8,549

-
Fixtures &
Fittings
£

11,548

7,191
Total
£

70,808

7,191
50,711
8,549

18,739

77,999
33,779
16,932

5,283

490

8,053

1,603

47,115

19,025
50,711
5,773

9,656

66,140
-
2,776

9,083

11,859
16,932
3,266

3,495

23,693

Page 7

Fairfield and Howley Neighbourhood Project Notes to the Financial Statements (continued) For The Year Ended 31 March 2021

4. Debtors

Due within one year Trade debtors

5. Creditors: Amounts Falling Due Within One Year

Trade creditors

2021
£
170
170
2021
£
3,770
3,770
2020
£
562
562
2020
£
3,734
3,734

6. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

7. General Information

Fairfield and Howley Neighbourhood Project is a private company, limited by guarantee, incorporated in England & Wales, registered number 06786448 . The registered office is The Old School, Fairfield Street, Warrington, Cheshire, WA1 3AJ.

Page 8

Fairfield and Howley Neighbourhood Project Detailed Income and Expenditure Account For The Year Ended 31 March 2021

TURNOVER
Sales
Grant Income
COST OF SALES
Purchases
GROSS SURPLUS
Administrative Expenses
Wages and salaries
Subcontractor costs
Staff training
Travel expenses
Rent
Rates
Light and heat
Repairs and maintenance
Cleaning
Insurance
Printing, postage and stationery
Advertising and marketing costs
Telecommunications and data costs
Accountancy fees
Legal fees
Depreciation
Depreciation of plant and machinery
Depreciation of fixtures and fittings
Sundry expenses
OPERATING SURPLUS/(DEFICIT) AND SURPLUS/(DEFICIT)
FOR THE FINANCIAL YEAR
2021
£
£
35,157
82,114
117,271
-
-
117,271
23,532
11,809
105
32
125
1,375
10,978
11,823
3,911
1,007
742
5,363
1,665
2,100
3,843
16,933
490
1,603
1,492
(98,928 )
18,343
2021
£
£
35,157
82,114
117,271
-
-
117,271
23,532
11,809
105
32
125
1,375
10,978
11,823
3,911
1,007
742
5,363
1,665
2,100
3,843
16,933
490
1,603
1,492
(98,928 )
18,343
2020
£
£

75,493

2,000

77,493
13

(13 )

77,480
26,160
9,005
-
30
2,772
991
12,745
10,921
2,484
1,020
706
336
540
2,673
1,800
2,988
576
618
2,469

(78,834 )

(1,354 )
2020
£
£

75,493

2,000

77,493
13

(13 )

77,480
26,160
9,005
-
30
2,772
991
12,745
10,921
2,484
1,020
706
336
540
2,673
1,800
2,988
576
618
2,469

(78,834 )

(1,354 )
117,271

-
77,493

(13 )
23,532
11,809
105
32
125
1,375
10,978
11,823
3,911
1,007
742
5,363
1,665
2,100
3,843
16,933
490
1,603
1,492


26,160
9,005
-
30
2,772
991
12,745
10,921
2,484
1,020
706
336
540
2,673
1,800
2,988
576
618
2,469
117,271



















(98,928 )
77,480



















(78,834 )

18,343 (1,354 )

Page 9

Registered number: 06786448 Charity Number: 1128606

FAIRFIELD AND HOWLEY NEIGHBOURHOOD PROJECT DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Carty & Co Accountants Ltd

Fairfield and Howley Neighbourhood Project Directors' Report and Unaudited Financial Statements For The Year Ended 31 March 2021

Contents

Contents
Page
Company Information 2
Directors' Report 3
Accountants' Report 4
Income and Expenditure Account 5
Balance Sheet 6
Notes to the Financial Statements 7—8
The following pages do not form part of the statutory accounts:
Detailed Income and Expenditure Account 9

Page 1

Fairfield and Howley Neighbourhood Project Company Information For The Year Ended 31 March 2021

Directors Mr Roger Jeffery Mr Roger Coasby Mr Morris Riley Mr James Goodison Mrs Alison Cullen Mr Peter Speed Mr James Frangleton Company Number 06786448 Registered Office The Old School Fairfield Street Warrington Cheshire WA1 3AJ Accountants Carty & Co Accountants Ltd 234 Manchester Road WARRINGTON WA1 3BD

Page 2

Fairfield and Howley Neighbourhood Project Company No. 06786448

Directors' Report For The Year Ended 31 March 2021

The directors present their report and the financial statements for the year ended 31 March 2021 .

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Directors

The directors who held office during the year were as follows:

Mr Roger Jeffery Mr Roger Coasby Mr Morris Riley Mr James Goodison Mrs Alison Cullen Mr Peter Speed Mr James Frangleton

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. On behalf of the board

Mrs Alison Cullen Director 18/11/2021

Page 3

Fairfield and Howley Neighbourhood Project Accountants' Report For The Year Ended 31 March 2021

Report of the Accountant to the directors of Fairfield and Howley Neighbourhood Project

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2021.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.

18/11/2021 Carty & Co Accountants Ltd 234 Manchester Road WARRINGTON WA1 3BD

Page 4

Fairfield and Howley Neighbourhood Project Income and Expenditure Account For The Year Ended 31 March 2021

Notes
TURNOVER
Cost of sales
GROSS SURPLUS
Administrative expenses
OPERATING SURPLUS/(DEFICIT) AND SURPLUS/(DEFICIT)
FOR THE FINANCIAL YEAR
2021
£
117,271
-
117,271
(98,928 )
18,343
2020
£
77,493
(13 )
77,480
(78,834 )
(1,354 )

The notes on pages 7 to 8 form part of these financial statements.

Page 5

Fairfield and Howley Neighbourhood Project Balance Sheet As at 31 March 2021

2021 2020
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 11,859 23,693
11,859 23,693
CURRENT ASSETS
Debtors 4 170 562
Cash at bank and in hand 43,360 12,755
43,530 13,317
Creditors: Amounts Falling Due Within One Year 5 (3,770 ) (3,734 )
NET CURRENT ASSETS (LIABILITIES) 39,760 9,583
TOTAL ASSETS LESS CURRENT LIABILITIES 51,619 33,276
NET ASSETS 51,619 33,276
Income and Expenditure Account 51,619 33,276
MEMBERS' FUNDS 51,619 33,276

For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

On behalf of the board

Mrs Alison Cullen Director 18/11/2021

The notes on pages 7 to 8 form part of these financial statements.

Page 6

Fairfield and Howley Neighbourhood Project Notes to the Financial Statements For The Year Ended 31 March 2021

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

their expected useful lives on the following bases
Leasehold 100
Plant & Machinery 15
Fixtures & Fittings 15

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 2 (2020: 2)

3. Tangible Assets

Land & Property

Cost
As at 1 April 2020
Additions
As at 31 March 2021
Depreciation
As at 1 April 2020
Provided during the period
As at 31 March 2021
Net Book Value
As at 31 March 2021
As at 1 April 2020
Leasehold
£
50,711
-
Plant &
Machinery
£

8,549

-
Fixtures &
Fittings
£

11,548

7,191
Total
£

70,808

7,191
50,711
8,549

18,739

77,999
33,779
16,932

5,283

490

8,053

1,603

47,115

19,025
50,711
5,773

9,656

66,140
-
2,776

9,083

11,859
16,932
3,266

3,495

23,693

Page 7

Fairfield and Howley Neighbourhood Project Notes to the Financial Statements (continued) For The Year Ended 31 March 2021

4. Debtors

Due within one year Trade debtors

5. Creditors: Amounts Falling Due Within One Year

Trade creditors

2021
£
170
170
2021
£
3,770
3,770
2020
£
562
562
2020
£
3,734
3,734

6. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

7. General Information

Fairfield and Howley Neighbourhood Project is a private company, limited by guarantee, incorporated in England & Wales, registered number 06786448 . The registered office is The Old School, Fairfield Street, Warrington, Cheshire, WA1 3AJ.

Page 8

Fairfield and Howley Neighbourhood Project Detailed Income and Expenditure Account For The Year Ended 31 March 2021

TURNOVER
Sales
Grant Income
COST OF SALES
Purchases
GROSS SURPLUS
Administrative Expenses
Wages and salaries
Subcontractor costs
Staff training
Travel expenses
Rent
Rates
Light and heat
Repairs and maintenance
Cleaning
Insurance
Printing, postage and stationery
Advertising and marketing costs
Telecommunications and data costs
Accountancy fees
Legal fees
Depreciation
Depreciation of plant and machinery
Depreciation of fixtures and fittings
Sundry expenses
OPERATING SURPLUS/(DEFICIT) AND SURPLUS/(DEFICIT)
FOR THE FINANCIAL YEAR
2021
£
£
35,157
82,114
117,271
-
-
117,271
23,532
11,809
105
32
125
1,375
10,978
11,823
3,911
1,007
742
5,363
1,665
2,100
3,843
16,933
490
1,603
1,492
(98,928 )
18,343
2021
£
£
35,157
82,114
117,271
-
-
117,271
23,532
11,809
105
32
125
1,375
10,978
11,823
3,911
1,007
742
5,363
1,665
2,100
3,843
16,933
490
1,603
1,492
(98,928 )
18,343
2020
£
£

75,493

2,000

77,493
13

(13 )

77,480
26,160
9,005
-
30
2,772
991
12,745
10,921
2,484
1,020
706
336
540
2,673
1,800
2,988
576
618
2,469

(78,834 )

(1,354 )
2020
£
£

75,493

2,000

77,493
13

(13 )

77,480
26,160
9,005
-
30
2,772
991
12,745
10,921
2,484
1,020
706
336
540
2,673
1,800
2,988
576
618
2,469

(78,834 )

(1,354 )
117,271

-
77,493

(13 )
23,532
11,809
105
32
125
1,375
10,978
11,823
3,911
1,007
742
5,363
1,665
2,100
3,843
16,933
490
1,603
1,492


26,160
9,005
-
30
2,772
991
12,745
10,921
2,484
1,020
706
336
540
2,673
1,800
2,988
576
618
2,469
117,271



















(98,928 )
77,480



















(78,834 )

18,343 (1,354 )

Page 9

Fairfield and Howley Neighbourhood Project

Independent Examiners Report to the Trustees for the Year Ended 31 March 2021

Independent examiner’s report to the trustees of Fairfield and Howley Neighbourhood Project (’the Company’)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. Accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. The accounts do not accord with those records; or

  3. The accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Paul Carty

Accountant.

Date: ………………………………..